The Russian bank deprived of the license is declared bankrupt — EADaily, February 12th, 2025 — Economics, Russia

The Moscow Arbitration Court declared bankrupt the bank “Garant-Invest”, previously deprived of a license by order of the Central Bank of Russia. The regulator also petitioned the judge about the bankruptcy of the financial structure and the opening of bankruptcy proceedings against it. This was reported today, February 12, by a RIA Novosti correspondent in…

Financial Creditors’ involvement in project monitoring does not absolve Corporate Debtors from repayment obligations: NCLAT

National Company Law Appellate Tribunal, New Delhi: In an appeal filed by the suspended director of the corporate debtor challenging the Adjudicating Authority’s order dated 08-01-2025 admitting an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), a 3-member bench of Ashok Bhushan, J. (Chairperson), Barun Mitra (Technical Member) and Arun Baroka…

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